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Monday, 13 June 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 1.2 PERCENT IN JUNE
 COALspot.com - The Ministry of Energy & Mineral Resources sets coal spot price benchmark for June 2011 at US$ 119.03 per ton, higher than US$ 1.42 per ton in May 2011.
This coal benchmark was calcualted coal with calorie of 6,322kcal/kg (GAR), stated to be using formula based on the May 2011 index average of ICI-1 (Indonesia Coal Index), Platts-1, NEX (Newcastle Export Index), and GC (globalCoal Index).
Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.8%, Ash Content 15.00% and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 30 June 2011.
The government of Indonesia has been publishing a monthly coal reference price (HBA) since February 2010 to be used by coal producers for all future spot and term contracts. The June HBA was 22.43 percent higher Y-o-Y.
The price is only valid for spot price, while as for term price, the benchmark is using the average of recent 3 months benchmark prices and valid for coal contract at least 12 months.
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are act as benchmark and used to calculate other 54 coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
The coal reference price, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers. According to industry, all existing coal supply agreements with Indonesian coal mining companies will have to be revised to comply with new coal pricing regulations before September 23, 2011.
As a result of the Indonesian new pricing formula, price of Indonesian coal will go up by $30 a tonne and lead to a INR 0.70 (Approx. US$ 0.015) per unit increase in cost of electricity generation, as quoted by an Indian paper.
Indonesian coal prices are also gaining on a shortage of coal in China to meet summer demand, said a coal trader from Kalimantan. Chinese local media reported that, Beijing may cut the 17 percent value-added tax and port charges on imported coal to encourage more overseas purchases. China is now facing its worst summer power shortage in seven years, as quoted by Chinese as well as International medias.
Indian high energy demand also has influenced the coal prices in recent weeks says another coal trader from Jakarta.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
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Saturday, 23 July 11
FAR EAST /SE ASIA ROUTE GAINED US$ 3000 HIGHER THAN LAST WEEK - VISTAAR
COALspot.com - The BDI further softened to by 2.22 pct and closed at 1323 points. The Cape and Panamax index also softened and closed at 1841 points ...
Saturday, 23 July 11
PANAMAX MARKET FACED A LIMITED ACTIVITY IN ALL BASINS
Handy
Atlantic softening across all segments with little fresh enquiry ex Bsea/Cont/USG and ECSA. Trips to Far east remain healthy. More cargoes ex ...
Friday, 22 July 11
MARUBENI ACQUIRING 42.86% SHARE OF YTL JAWA POWER HOLDINGS
COALspot.com - Japan’s Marubeni Corporation acquisition 42.86% stake in YTL Jawa Power Holdings BV, which owns a 35% equity interest in Indone ...
Thursday, 21 July 11
INDIA IMPORTS 36.033 MILLION TONS OF INDONESIAN COAL TILL JUNE
COALspot.com - Indonesia shipped 28.27 Million tons of coal in June 2011, a 2.3 percent lesser than May export of about 28.962 million tons, I ...
Thursday, 21 July 11
COAL PRICES ARE AT US$ 120 A TONNE
COALspot.com - Indonesian coal production in 2011 is expected to reach 360 million tons or 5.8 percent higher than government's forecasts. The incr ...
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- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- White Energy Company Limited
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Australian Coal Association
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
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